Automated Fare Collection Market
Global Automated Fare Collection Market : Regional Analysis
North American region lead the global automated fare collection market owing to its adoption of the newest technological advancements . The main reason for the growth in this region is the stringent government regulations for the various industries . The government regulatory bodies in the regions such as the U . S ., China , and India aim to develop the transportation infrastructure as well as security systems which in turn fuel the global market growth .
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Global Automated Fare Collection Market : Competitive Players
The key market players in the global automated fare collection market include Samsung SDS , Cubic Corporation , ST Electronics , Omron Corporation , NXP Semiconductor , LG Corporation , Atos SE , Fare Logistics , and Thales Groups . The other companies that dominate the global market include Vix Technology , Trapeze Group , Advance Cards Systems Ltd ., and Scheidt & Bachmann GmbH .